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Decentralized Democracy

House Hansard - 274

44th Parl. 1st Sess.
February 2, 2024 10:00AM
Context: House Hansard - 274 - Feb/2/24
Ms. Nathalie Sinclair-Desgagné (Terrebonne, BQ)
  • Feb/2/24 11:37:29 a.m.
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Madam Speaker, while the Liberals pat themselves on the back, they are ignoring all the sacrifices made by the businesses that have paid back their loans. There are people who have stretched their line of credit to the limit. There are people who have risked losing their own home. All that because the government refuses to assess the files on a case-by-case basis, because it refuses to guarantee the loans with financial institutions, because it insists on adding $20,000 in debt to businesses that are already on the brink. Would it be so hard to offer a bit of flexibility to our businesses?
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Context: House Hansard - 274 - Feb/2/24
Hon. Marie-Claude Bibeau (Minister of National Revenue, Lib.)
  • Feb/2/24 11:38:04 a.m.
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Madam Speaker, during COVID‑19, if we had not been there with the Canada emergency business account, with the wage subsidy and with rent assistance, thousands of small and medium-sized businesses would not have made it. We have come through COVID-19, the economy is recovering and conditions are perfectly reasonable for loan repayment. Some 80% of businesses have already paid back their loans. They still have until the end of March. Those who have to extend for another three years will have to pay only 5% interest, which is an extra $250 a month.
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